Bitcoin and the euro: one is the future, the other the past

Bitcoin-in-Euro16 Dec 2013 / Telegraph – Douglas Carswell was first elected to Parliament in 2005 by a slender 920 votes. He was returned as MP for Clacton in 2010 with a 12,000 majority. He is the author of The End of Politics and the Birth of iDemocracy and believes that the internet is making the world a vastly better place.

Bitcoins fans should love the euro, according to Matthew Parris. Writing in the Spectator, he suggests that if you favour one, why not the other?

The euro and Bitcoins are not, contrary to what Matthew suggests, very similar at all.

The euro is all about getting different countries to use one currency. Bitcoin means folk in any one country being able to use different currencies.

It might, as Matthew suggests, be beyond the ability of national politicians to tinker with either the Bitcoin or the euro. But supranational bureaucrats are very much capable of manipulating the euro – and of using the euro not only as a monetary tool, but means of determining fiscal policy too.

The euro gives a small clique of “experts” the power to decide what monetary medicine those living in the eurozone need.  Bitcoin repudiates the idea of monetary grandees doing things by grand design….. Read more


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